Australian Dollar Outlook - 27 January 2012
Bell FX Currency Outlook:
The Australian dollar has opened above USD1.0600 against the Greenback this morning after hitting a three month high of USD1.0688 overnight.
Australian Market Leads - 27 January 2012
The Australian Stock Market is seen benefiting from overnight gains, with the commodities-related stocks taking on the limelight on Friday's trading.
Global Markets Overview - 27 January 2012
U.S. stocks declined slightly Thursday, giving back early gains as a round of disappointing economic data offset strong earnings from blue-chips and the Federal Reserve's pledge to hold down interest rates. (Read on for Global Markets)
Australian Stock Market Report - Afternoon 1/25/2012
The Australian sharemarket ended higher today for the first time this week, with the All Ordinaries index (XAO) rising by 1 pct or 42.7 pts to 4329.1. The consumer discretionary and utility sectors lost a little ground but all other industries ended the day higher. As long as Australian shares do not lose ground on Friday, the XAO will likely have improved for the fourth consecutive week.
More news
Former RBA Chief Bats for Increased Production to Spur Car Industry Recovery
Production is the key for the Australian automotive industry to improve its current situation, according to former Reserve Bank of Australia (RBA) Bernie Fraser.
Australia’s Lynas Receives $225M Financial Backing to Complete Malaysian Rare Earths Plant
Beleaguered Australian rare earths miner Lynas Corp., whose controversial LAMP advanced materials refinery plant continues to face hurdles among the locals in Malaysia, triggering a $40 million blowout in related construction costs and yet another start-up delay, has received a much needed financial boost of $US225 million ($215 million) from investors Mount Kellett Capital Management.
ASIC Criticises Poor Quality of Advice Given by Australian Financial Planners
The Australian Securities & Investments Commission (ASIC) has criticised the poor quality of advice that Australian financial planners have given to clients.
Five Ways to Celebrate Australia Day Safely
It’s that day of the year again – Australia Day – when people come together and celebrate what makes Australia and being Australian great. Reflecting on what each and every Aussie has achieved and can be proud of, ultimately, it’s time to celebrate. And what better way of spending the day than to celebrate and have fun with loved ones safely?
Australia Joins EU Trade Ban on Iran
Australia announced on Tuesday that it will support the new economic sanctions passed by the European Union against Iran, calling member nations and other countries to stop trading with Iran.
Indian Steel Production Likely to Face Constraints Due to Iron Ore Supply Shortage
For every cause there is an effect. For every action there is typically a reaction. Such is India's dilemma over its steel making production which could be potentially disturbed by its iron ore supply shortage problem.
Australian Stock Market Report - Midday 1/25/2012
The Australian sharemarket is gaining for the first time this week, with the All Ordinaries index up 0.7 pct or 28.9 pts to 4315.3. The question remains if we can hold onto these gains for the whole session.
Former Treasurer Costello Hits 4 Years of Bad Budgets Under Labor Government
Former Australian Treasurer Peter Costello warned on Tuesday that because of four years of bad budget under a Labor government Australia is at the risk of taking the same road as Europe which has led to a sovereign debt crisis.
IMF Follows World Bank, Cuts Global Growth Forecast
A week after the World Bank cut its global growth forecast for 2012 and 2013 due to the worsening eurozone sovereign debt crisis, the International Monetary Fund (IMF) followed and made its own downgrade.
Australian Market Insights: New Highs (25 January 2012)
The Australian Stock Market has recorded early morning gains as of 10: 16 AM, the benchmark The benchmark S&P/ASX200 index is up 22.6 points, or 0.5 per cent, at 4309, while the broader All Ordinaries index is up 23.5 points, or 0.6 per cent, at 4247.7. Analysts are optimistic of the day's trading, sharing new leads and market insights.
Australian Dollar Outlook - 25 January 2012
Bell FX Currency Outlook:
Having reached a 3 month high the previous evening, the Australian Dollar has retraced 1 US cent overnight as the markets reacted to ongoing negotiations between Greece and its private creditors as well as IMF warnings on the European crisis.
Global Markets Overview - 25 January 2012
Stocks declined, as investors eyed a standoff in Greece's debt-reduction talks and mixed quarterly earnings from a basket of major companies. The Dow Jones Industrial Average was down 39 points, or 0.3%, at 12669 in recent afternoon trading, on pace to post its second consecutive decline for the first time in nearly three weeks.
Australian Stock Market Report - Afternoon 1/24/2012
Despite the market trading in positive territory for much of the session, shares pulled back in late trade to end largely flat. The All Ordinaries index (XAO) only fell by 1.2 pts to 4286.4. The energy sector rose by around 0.5 pct while the financials edged higher by 0.2 pct.
Canadian B2Gold Targets Higher Production in 2012
Vancouver, British-Columbia-based gold producer B2Gold Corp. has announced its fourth quarter gold production jumped to 38,808 ounces, compared 37,000 ounces a year ago, prompting the Canadian miner to forecast higher output for 2012.
Abbott: Coalition Stands Firm To Turn Back Refugee Boats to Indonesia
Opposition Leader Tony Abbott has reiterated this week his view that sending refugee boats to Indonesia is the best way to deal with asylum seekers wishing to reach Australian shores.
Extreme Weather Conditions Slash Newcrest Gold Production by 20%
Extreme weather conditions in September that brought about heavy rains in areas surrounding its mines had slashed by 20 percent the gold production of Newcrest Mining Ltd., the country's largest gold mining company.
Massive Gold Buying Mirrors Fear of Chinese Populace
China's deepening appetite to buy and horde gold certainly has a reason, maybe even a lot, that more than meets the naked eye.
Analysts Forecast Higher Chances of RBA Cash Rate Cut Based on PPI Result
Analysts said on Tuesday that chance are higher that the Reserve Bank of Australia (RBA) will cut the overnight cash rate based on result of the Producer Price Index (PPI), not so much on the European sovereign debt crisis.
Australian Stock Market Report - Midday 1/24/2012
Despite a disappointing start to the week yesterday, the All Ordinaries index (XAO) is up 0.4 pct to 18.3 pts to 4305.9 with most sectors trading higher. The traditionally defensive healthcare sector is one of the worst performing areas of the market with the S&P/ASX 200 Healthcare index down 0.44 pct or 34.6 pts to 7857.1.
Thomson Scandal Could Trigger PM Gillard's Downfall
Prime Minister Julia Gillard could be forced out of office base on her previous links to the alleged wrongdoing committed by New South Wales MP Craig Thomson.
Global Markets Overview - 24 January 2012
From Morrison Securities Pty. Ltd.:
U.S. stocks edged lower, jeopardizing the Dow's four-session climb, as investors mulled the sustainability of this year's rally and watched Europe for developments connected to the region's ongoing debt issues.The Dow Jones Industrial Average fell 18.21 points, or 0.1%, to 12702 in afternoon trading.
Australian Dollar Outlook - 24 January 2012
Bell FX Currency Outlook:The AUD has risen to a 3 month high overnight, hitting USD 1.0570, as renewed optimism out of the European region sees an increase in demand for the riskier AUD.
PHOTOS:The Year of the Dragon – the Chinese Zodiac Year of 2012!
The coming Chinese New Year is the Year of the Dragon, also known to others as the 'Black Dragon' or 'Water Dragon.'
Australian Stock Market Report - Afternoon 1/23/2012
After three straight weeks of gains, the Australian sharemarket has kicked off the new trading week in the red. The All Ordinaries index (XAO) fell by 0.4 pct or 15.4 pts to 4287.6. The industrial and utility sectors managed to rise slightly but all other regions of the market ended the day in the red.
Can Japan Do Away with Nuclear Power in its New Energy Master Plan?
Come March, exactly a year after the country yielded to the debilitating 9.0 earthquake and tsunami, ultimately rendering the worst nuclear power plant meltdown the world has seen in 25 years, Japan will most likely announce a new set of options for its energy mix. One, presumably, that is not focused on nuclear power alone.
Newmont Mining Mulls to Expand Canada Gold Mine
Newmont Mining has yet to commence its Hope Bay operations in Canada, but it is now bullish to expand within the mine area and tap new reserves within the area.
PM Gillard Maintains Stance on Gambling Reform
Prime Minister Julia Gillard has maintained that turning down the proposed gambling reform bill espoused by Tasmanian MP Andrew Wilkie was the right thing to do at this time, despite the latter's decision to cut ties with the Labor-led government.
Australian Stock Market Report - Midday 1/23/2012
The Australian sharemarket is losing ground for only the second time in five sessions, with the All Ordinaries index (XAO) down by a modest 0.2 pct or 8.8 pts to 4294.2. The mining and financial sectors are lower which is dragging the rest of the market into the red. Both sectors combined make up more than 60 pct of the XAO.
India Intensifies Hunt for Rare Earths, Uranium
The Atomic Minerals Directorate (AMD) for Exploration and Research of India has expanded its exploration activities to include rare earth metals, especially niobium and tantalum, in central India, particularly in the Satpuda-Gondwana formations in the Sarguja belt.
India’s Essar Diverts Coal from Indonesia Mines to Shore up Local Demand
India's Essar Group announced it will divert some of its coal from one of its Indonesian mines to help the world's third-largest economy cope with its fluctuating power supply brought about by acute coal shortages.
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